Ambac Reports First Quarter 2024 Results
Ambac Financial Group, Inc. (AMBC)
US:NASDAQ Investor Relations:
ir.ambac.com/investor-relations
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "AFG"), a financial services holding company, today reported its results for the quarter ended March 31, 2024.First Quarter 2024 HighlightsNet income of $20 million or $0.43 per diluted share and Adjusted net income of $38 million or $0.82 per diluted shareLegacy Financial Guarantee segment generated net income of $20 millionSpecialty P&C Insurance ("Everspan") produced a 98.4% combined ratio compared to 121.9% in the first quarter of 2023Insurance Distribution ("Cirrata") generated net income of $3 million and EBITDA of $5 million on $90 million of premiums placedTotal P&C Premium Production of $187 million, an increase of 45% from the first quarter of 2023Book Value per share of $30.19 and Adjusted Book Value per share of $29.03 were up marginally from the prior quarterClaude LeBlanc, President and Chief Executive Officer, stated, "Ambac had a solid start to 2024, with all three business segments gen
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News
- Ambac Financial Group, Inc. (NYSE: AMBC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Is Ambac (AMBC) Stock a Solid Choice Right Now? [Yahoo! Finance]Yahoo! Finance
- Ambac Financial Group, Inc. (AMBC) Hits Fresh High: Is There Still Room to Run? [Yahoo! Finance]Yahoo! Finance
- Ambac Financial Group, Inc. (NYSE: AMBC) had its price target raised by analysts at Compass Point from $18.00 to $19.00. They now have a "buy" rating on the stock.MarketBeat
- Ambac Financial Group, Inc. (NYSE:AMBC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
AMBC
Earnings
- 5/6/24 - Beat
AMBC
Sec Filings
- 5/6/24 - Form 10-Q
- 5/6/24 - Form 8-K
- 4/26/24 - Form ARS
- AMBC's page on the SEC website